Turkiye to boost apex bank’s foreign reserves amid lira slide

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RIYADH: Turkiye is intensifying efforts to spice up international reserves in its central financial institution, the nation’s finance minister has revealed.

Writing on Twitter, Mehmet Simsek mentioned the financial institution’s web worldwide reserves rose to a report $8.5 billion final week.

“The return to rational insurance policies will proceed steadily,” the minister wrote, including: “We’re accelerating our efforts to acquire extra international assets to our nation as a way to additional strengthen the reserves.”

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